Fixed Income

Ten-year yields currently are around 2.1%, their lowest level since mid-2017, and about 115 basis points below the high of 3.25% reached last November.

This article explains common multi-asset fixed income approaches, including Core, Core Plus, Multi-Sector, and Unconstrained fixed income strategies. A non-traditional fixed income allocation can complement Core and Core Plus strategies, act as a standalone fixed income solution for those wanting to add more portfolio risk, or serve as a substitute to equity strategies.

This article discusses Fort Washington's Flexible Income Strategy, which is designed to provide investors with a high level of current income and capital protection with differentiated returns compared to traditional fixed income

Thus far in 2019, the municipal market has been one of the better performing sectors within the broader bond market, outperforming Treasuries and IG corporate bonds on a total return basis. 

Over the past year, the Fed has raised short-term rates from 1% to 2% which has had a negative effect on the entire fixed income spectrum. This has been especially true within EM.

Within investment grade corporates, intermediate corporates — defined as 5-10 year maturities — may offer the most attractive risk-adjusted return potential.

Active fixed income managers have an abundance of tools they can use to outperform their respective benchmarks, and the majority do.

Consistently predicting credit cycle turns and other macro-economic data is a challenging exercise.

Given the number of variables in the global economy, there is enormous uncertainty and biases in these forecasts and recognize them as not much more than glorified guesses.